FactSet to Launch Datasets on Snowflake
January 07 2020 - 8:00AM
FactSet (NYSE:FDS) (NASDAQ:FDS), a global provider of integrated
financial information, analytical applications, and
industry-leading service, announced that it will deploy its
proprietary datasets, both structured and unstructured, on
Snowflake, the cloud data platform, providing investment
professionals with immediate and scalable access to content in a
cloud-built SQL data warehouse.
Snowflake helps users centralize, integrate, and
analyze disparate data sources in the cloud for faster and more
cost-effective decision-making. FactSet’s strategic relationship
with Snowflake means clients will be able to leverage FactSet
seamlessly and efficiently alongside additional content already
hosted on the platform. This availability will provide clients with
immediate and secure access to data for evaluation and testing,
eliminating the need for the extract, transform, and load (ETL)
process.
“FactSet offering its data through Snowflake
reduces the time and effort it takes to integrate new datasets into
our investment process,” said Pete Petersen, Chief Technology
Officer of Causeway Capital Management. “Everyone in the industry
is searching for ways to make further efficiency gains. Aggregating
our entire range of data sources in Snowflake means we can ensure
consistent and transparent data integrity across every department
and job function without having to manually update or upload
content. This is a key component of our data capability model.”
Snowflake’s architecture separates data
computation from storage, giving users the ability to quickly and
easily scale their resources for unlimited concurrent users. The
platform delivers governed access to all content across the three
major cloud providers and serves as an integrated environment where
clients can build data applications in a cost- and time efficient
way. Snowflake has over 2,500 customers globally across multiple
industries, including healthcare, technology, and
finance.
"FactSet is investing in key areas of our
business and aggressively pursuing our digital initiatives to
address client needs," said Gene Fernandez, Chief Technology and
Product Officer, FactSet. "Delivering FactSet data through
Snowflake provides faster access to data whenever and wherever our
clients require it, regardless of their location or what cloud
platform they use.”
“Snowflake is committed to enabling clients to
break down barriers to real-time data access both within their
organizations and externally with business partners,” said
Christian Kleinerman, Vice President of Product, Snowflake.
“FactSet is a trailblazer in the financial data and software
industry, and with Snowflake, the company is extending access to
its market-leading data in yet another open and flexible
way.”
For more information, please visit:
https://open.factset.com/partners/snowflake.
About FactSet
FactSet (NYSE:FDS | NASDAQ:FDS) delivers
superior content, analytics, and flexible technology to help more
than 126,000 users see and seize opportunity sooner. We give
investment professionals the edge to outperform with informed
insights, workflow solutions across the portfolio lifecycle, and
industry-leading support from dedicated specialists. We're proud to
have been recognized with multiple awards for our analytical and
data-driven solutions and repeatedly ranked as one of Fortune's 100
Best Companies to Work For® and a Best Workplace in the United
Kingdom and France. Subscribe to our thought leadership blog to get
fresh insight delivered daily at insight.factset.com. Learn more at
www.factset.com and follow on Twitter: www.twitter.com/factset.
About Snowflake Inc.
Snowflake is the data warehouse built for the
cloud, enabling the data-driven enterprise with instant elasticity,
secure data sharing and per-second pricing, across multiple clouds.
Snowflake combines the power of data warehousing, the flexibility
of big data platforms and the elasticity of the cloud at a fraction
of the cost of traditional solutions. Snowflake: Your data, no
limits. Find out more at snowflake.net.
FactSet
Media
Jennifer Berlin
+1 617 330 4122
jennifer.berlin@factset.com
Media & Investor Relations Contact:
Rima Hyder
+1 857.265.7523
rima.hyder@factset.com
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